Have you suffered investment losses in HMS Income Fund? If so, the securities attorneys of The White Law Group may be able to help you recover your losses by filing a FINRA Dispute Resolution claim against the brokerage firm that sold you the investment.
According to SEC filings, HMS Income Fund, Inc. recently offered to purchase 1,386,257.56 shares of the Company’s issued and outstanding common stock at a purchase price equal to the net asset value per Share as of June 21, 2016 as determined by the pricing committee of the Company’s Board of Directors (on March 29, 2016, which was the date of the Company’s most recently published net asset value per share, the Purchase Price was $7.62 per share). It is unclear whether this tender offer was higher or lower. The Offer expired at 5:00 p.m., Central Time, on June 17, 2016.
Unfortunately for many investors, it appears that the tender offer price would represent a significant loss on their capital investment.
The White Law Group is investigating potential claims against the broker dealers that sold high risk investments, like HMS Income Fund, onto unsuspecting investors.
Broker dealers are required to perform adequate due diligence on any investment they recommend and to ensure that all recommendations are suitable for the investor. Recommendations should be appropriate in light of the investor’s age, risk tolerance, net worth, and investment experience.
Broker dealers that fail to adequately disclose risks or make unsuitable investment recommendations can be held liable for investment losses in a FINRA arbitration claim.
If you have invested in HMS Income Fund and would like to speak to a securities attorney about the potential to recover your investment losses, please call The White Law Group at 1-888-637-5510 for a free consultation.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Vero Beach, Florida. To learn more about The White Law Group visit www.whitesecuritieslaw.com.